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5615 W Zoe Ella Way Glendale, AZ 85306

4 Beds 2 Baths 1,980 sqft Built 1974

$429,000

List Price

$1,690

$1.5K - $1.9K

Rent Est.

PROPERTY INFO

SINGLE-FAMILY
February 25, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 1974
  • Price/Sqft : $216.67
  • 4 Days on Market
  • MLS # : 6195775
  • Updated Date : 02/25/2021 at 22:50
CONSTRUCTION
  • Beds : 4
  • Floor Size : 1,980 sqft
  • Baths : 2 full
Listing Agent

North & Co

Listing Agent's Description

Just what you've been looking for in 85306... newly remodeled 4 bedroom 2 bath home on a cul-de-sac with a pool! The Kitchen has new ProLabel soft close Kitchen cabinets, quartz countertops, stainless steel appliances. No more popcorn... raised ceilings, new drywall and texture throughout. Bathrooms are equipped w/new toilets, bathroom vanities, tiled shower and bathtub surround. The home is outfitted w/new fixtures, fans, hardware, and lighting. There is a new hot water heater plus a new A/C Unit with 10 year warranty and new A/C ducting throughout.

SEE MORE

PRICE & RENT TRENDS

Neighborhood: Bell-Greenway

NeighborhoodNIR Market*CityMarket2010Year20002019120k140k160k180k200k220k240k260k280kPrice in $104k291k

* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR

Neighborhood: Bell-Greenway

NeighborhoodNIR Market*CityMarket2010Year20002019 Q2100010501100115012001250130013501400145015001550Rent in $9521567

* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR

SCHOOLS

NAME EDUCATIONAL LEVEL SCHOOL TYPE # OF STUDENTS # OF TEACHERS GREATSCHOOLS RATING
Cactus High School High Regular 1,283 61 5
Cactus High School High Unknown NA

Cactus High School

  • Education Level: High
  • # of students: 1,283
  • # of teachers: 61
5
GreatSchools Rating

Cactus High School

  • Education Level: High
  • # of students:
  • # of teachers:
NA
GreatSchools Rating
 

$386,100$471,900$429,000

PURCHASE PRICE

$1,521$1,859$1,690

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,690
EXPENSES Loan Payment -$1,490
Property Tax -$230
Property Insurance -$66
Property Management Fees -$99
CASH FLOW
-$194

This is the estimated cash flow generated during a typical maintenance-free month. It is recommended that investors set aside 14% of earned rent to cover both maintenance and periods of vacancy.

$429,000

PROJECTED PRICE

$1,690

PROJECTED RENT

0.39%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 3.35%
Appreciation Year (1-5) 9.8%
Maintenance Year (1-5) 8.00%
Vacancy 6.24%
Length of Stay Years 2

PROJECTED ACCUMULATED WEALTH

30 YEAR PROJECTION

  • Cash Flow
  • Appreciation
  • Principal
11530$0.0$200k$400k$600k$800k$1.0M$1.2M$1.4M

PROJECTED ANNUAL CASH FLOW

11530-$5.0k$0.0$5.0k$10k$15k

PROJECTED PROPERTY VALUE

30 YEAR PROJECTION

  • Appreciation
  • Principal
  • Loan Balance
11530$0.0$200k$400k$600k$800k$1.0M$1.2M$1.4M

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$119,435

INVESTMENT

$119,435

Down Payment
$107,250
Rehab Estimate
$5,750
Closing Costs
$6,435

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 55% down payment or higher enables the proceeds from the asset to cover all costs.

$1,490

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $107,250
Loan Amount $321,750
See What Happens When You Reinvest Cash Flow

3.42

YEARS SAVED

$12,136

INTEREST SAVED

CASH FLOW REINVESTMENT

The time & interest saved by applying each month's positive cash flow towards loan principal pay down.

  • $0

    LIST RENT
  • $0

    LIST RENT PER SQFT
  • $1,787

    COMP ESTIMATED VALUE
  • $0.9

    COMP AVG. RENT PER SQFT
Comps Range
$0
1$02$1,6953$1,7004$1,7005$1,750
$1,750
RENT COMPS ANALYSIS
  • 5615 W Zoe Ella Way Glendale, AZ 1
    • 4 beds 2 baths ∙ 1,980 Sqft ∙ Built 1974 4 beds 2 baths ∙ 1,980 Sqft ∙ Built 1974
    • Rent
    • Rent Per SQFT
    •  
    • $0
    • $0.00
    •  
  • 5516 W Beck Lane Glendale, AZ 2
    • 3 beds 2 baths ∙ 1,839 Sqft ∙ Built 1974 3 beds 2 baths ∙ 1,839 Sqft ∙ Built 1974
    LEASED 08/10/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,695
    • $0.92
    •  
  • 15257 N 53rd Drive Glendale, AZ 3
    • 3 beds 2 baths ∙ 2,024 Sqft ∙ Built 1973 3 beds 2 baths ∙ 2,024 Sqft ∙ Built 1973
    LEASED 03/06/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,700
    • $0.84
    •  
  • 5119 W Port Au Prince Lane Glendale, AZ 4
    • 3 beds 2 baths ∙ 1,839 Sqft ∙ Built 1972 3 beds 2 baths ∙ 1,839 Sqft ∙ Built 1972
    LEASED 09/24/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,700
    • $0.92
    •  
  • 6051 W Carol Ann Way Glendale, AZ 5
    • 3 beds 2 baths ∙ 1,876 Sqft ∙ Built 1979 3 beds 2 baths ∙ 1,876 Sqft ∙ Built 1979
    LEASED 11/23/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,750
    • $0.93
    •  
PROPERTY LISTING DETAILS
John T Angelo
North & Co
Brandon Graham
1.866.250.5610
Mynd Property Management
LC664597000
Arizona Regional Multiple Listing Service, Inc. ( ARMLS)
MLS #: 6195775
Last Updated: 02/25/2021
support@investimateroi.com

Indicates a property listed by a real estate brokerage other than HomeUnion/Investimate by Mynd. All information should be verified by the recipient and none is guaranteed as accurate by ARMLS. Copyright (c) 2021 Arizona Regional Multiple Listing Service, Inc. All rights reserved.

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